£290,432
This estimated value is based upon the latest sale price for the house of £285,000 on 14 Apr 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £285,000 | 14 Apr 2023 |
| £160,500 | 24 Sep 2004 |
| £70,000 | 25 Mar 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in April 2023 the House Price Index for WEST MIDLANDS was 146.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.906%.Applying this 1.906% change to the original purchase price of £285,000 results in an estimated price of approximately £290,432.
| 14 Apr 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 149.7 | 1.906 % | £285,000 | £5,432 | £290,432 |
The Postcode Pricing Model uses changes in average sales price within the WV4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 26.020 % | £74,156 | £359,156 |
| 3 Month Average | 26.384 % | £75,193 | £360,193 |
| 6 Month Average | 6.160 % | £17,555 | £302,555 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £361,096 | £350,000 | 448 PENN ROAD |
| 11 Dec 2023 | £242,450 | £235,000 | 46 LYTTON AVENUE |
| 29 Nov 2023 | £461,720 | £450,000 | 11 SCOTT CLOSE |
| 30 Oct 2023 | £286,507 | £280,000 | 9 SCOTT CLOSE |
| 9 Oct 2023 | £253,252 | £247,500 | 25 LYTTON AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 10 Oct 2018. Using an estimated price of £290,432 means this house is valued at £3,300 per sq meter (£306 per sq foot).
The average size of a house on PENN ROAD is 93 sq meters (1,009 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Scott Avenue |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Scott Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Jul 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near The Avenue |
| Jul 2024 | Anti-social behaviour | On or near The Avenue |